Gold UpdateKey Entry : 3369 - 3366
TP 1 : 3406
TP 2 : 3430
TP 3 : 3442. TP 3 is difficult before correction.
XAUUSD trade ideas
Gold Breaks Wedge, 3270–3280 Now Key Pivot for RecoveryGold's recent retreat has slowed, forming a descending wedge pattern that has now been broken. This is a constructive setup for a potential upward reaction after falling $300 from the $3,500 high. The 3,270–3,280 zone is now the short-term pivot point. If this level breaks as well, the upward move may finally begin.
Potential targets include the 38.2% retracement level at 3,316 and the main resistance zone at 3,355–3,370.
GOLD falls sharply then recovers slightly from key confluenceOANDA:XAUUSD fell sharply and recovered slightly, as expectations of more such deals increased after US President Donald Trump announced a “groundbreaking” trade deal with the UK, undermining the metal’s appeal as a safe-haven asset.
The US and UK have reached a deal and markets are expecting more “tariff-free” avenues
Trump and UK Prime Minister Keir Starmer jointly announce the signing of a trade deal
• The UK will reduce tariffs on US goods from 5.1% to 1.8%;
• The US will maintain a uniform tariff of 10% on UK imports;
• The UK will further ease market access for US goods.
The US and China will continue high-level talks this Saturday
US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer will meet with top Chinese economic officials in Switzerland on Saturday to discuss the outlook for trade relations.
Gold prices have hit record highs in recent months, largely due to global tensions caused by Trump's tariff policies.
China's central bank allows banks to buy foreign currency to import gold, signaling potential support
The People's Bank of China has approved commercial banks to buy foreign currency in the latest quota to pay for gold imports, supporting the possibility of increased physical gold demand in the market in the future.
With the implementation of the US-UK agreement, the recovery of risk appetite in the market and the approaching US-China negotiations, the safe-haven demand for gold has temporarily eased, and technical downward pressure has also emerged.
In addition, traders need to pay special attention to geopolitical developments with the focus on Russia - Ukraine when Ukraine has taken actions despite Russia's warnings on May 9.
Any escalation of the conflict will immediately support gold's sudden price increase.
Analysis of OANDA:XAUUSD technical outlook
On the daily chart, after a sharp decline from the weekly target of $3,430, gold's decline has paused and recovered slightly from the 0.382% Fibonacci retracement level. The area around $3,292 is also an important support area as it is a confluence of important technical support factors, with the appearance of EMA21 (major support), the lower edge of the price channel which is the short-term trend price channel and the 0.382% Fibonacci retracement level.
As long as gold remains above $3,292, it still has a bullish outlook in the short term, and in case gold falls below this level, it will likely test technical support at $3,267 in the short term, more than $3,245.
For the day, with the current position, gold still has a bullish outlook, and the notable points will be listed as follows.
Support: $3,300 – $3,292 – $3,267
Resistance: $3,351 – $3,371
SELL XAUUSD PRICE 3334 - 3332⚡️
↠↠ Stop Loss 3338
→Take Profit 1 3326
↨
→Take Profit 2 3320
BUY XAUUSD PRICE 3259 - 3261⚡️
↠↠ Stop Loss 3255
→Take Profit 1 3267
↨
→Take Profit 2 3273
There is too much news supporting the increase in gold prices.🔔🔔🔔 Gold news:
➡️ Gold prices extended their rebound for a second straight day on Tuesday, driven by seemingly unstoppable buying interest amid growing pessimism surrounding the U.S. dollar and escalating geopolitical tensions in the Middle East.
➡️ Despite renewed optimism that the United States may reach trade agreements with some partners this week, President Donald Trump's unpredictable trade policies continue to create market uncertainty, supporting gold's recovery after previous losses.
Personal opinion:
➡️ Trade and geopolitical headlines dominate, and speculation of interest rate cuts ahead of the Fed meeting and comments from Chairman Jerome Powell. There is too much news to support gold's bullish momentum at this time.
➡️Analysis based on important support and resistance levels and Fibonacci combined with trend lines to come up with a suitable strategy
Plan:
🔆Price Zone Setup:
👉Buy Gold 3221- 3223
❌SL: 3217 | ✅TP: 3227 - 3332 – 3337
👉Sell Gold 3402 - 3404 (Scalping)
❌SL: 3408 | ✅TP: 3298 - 3294 – 3290
👉Sell Gold 3417- 3420
❌SL: 3424 | ✅TP: 3414 - 3410 – 3405
FM wishes you a successful trading day 💰💰💰
Gold Intraday Trading Plan 5/6/2025As mentioned yesterday, a break above 3270 will signal the end of correction. Indeed after breaking the resistance, gold has gone up all the way to 3330. Right now there is a strong resistance at 3350. I will trade its breaking of structure or retest from 3270.
This is my strategy for today:
1. if 3350 is broken, upon retest, buy towards 3400 or even 3450.
2. Buy from 3270, 1st target 3350, 2nd target 3400
Gold shortShort position on a LTF .
i think it retraces a little bit and then it continues higher on HTF.
XAU DAILYdear all my friends.
our channel that reached LSS level is best trade zone for today.
waiting for a confirmation.
break up or down as this ez.
carefull for USD NEWS :
I WILL UPDATE IT SOON AND SHARE SETUP
XAUUSD Sharp Decline : - Gold experienced a significant drop , reaching a low point around 1st May , looks like it's working on a recovery phase after bottoming out , there is significant bullish momentum play on today's chart.
However the current price is approaching a KEY RESISTANCE @ $3265-68.
KEY ZONES
Go for BUY ORDERS if PRICE breaks $3268.60 and shows strong BULLISH MOMENTUM.
MACD Analysis - is showing strong a BULLISH CROSSOVER with increasing HISTOGRAM BARS, which suggests strong Upward Movement.
HEAD AND SHOULDERS pattern seen indicating POSSIBLE REVERSAL .
A bullish triangle is as well idnetified from the chart indicating UPWARD MOMENTUM.
OVERALL we are BULLISH TODAY, but keep in mind that we still have the CONSOLIDATION PHASE in play.
XAUUSD1. The Fed's interest rate decision dominates this week's market
(May 7) The Fed will announce the May FOMC interest rate decision and press conference. The market generally expects the interest rate to remain unchanged, but Powell's speech will be the key. The April non-farm payroll data was stronger than expected (an increase of 177,000 people), coupled with the Fed's concerns about inflation, Powell may continue his hawkish stance and emphasize "anti-inflation priority". If he releases a signal of "delayed interest rate cuts", it may suppress gold bullish sentiment; on the contrary, if it implies concerns about economic slowdown, gold may be supported. In addition, several Fed officials will go to Iceland to participate in an economic meeting on Friday, and we need to pay attention to their statements on monetary policy.
2. International trade situation disturbs market sentiment
Sino-US trade frictions continue to escalate, with the US imposing tariffs on China as high as 245% and hitting China's re-export trade. However, the US has recently released a signal of easing, with companies such as Walmart resuming orders from China and bearing tariff costs, showing that US companies have limited tolerance for high tariffs. China requires the US to cancel unilateral tariffs as a prerequisite for negotiations, and the prospects for negotiations remain unclear. In addition, the situation between India and Pakistan is tense again, and the rising geopolitical risks may boost demand for gold as a safe haven.
3. Market sentiment and capital flows
Domestic gold ETF holdings surged by 23.47 tons in the first quarter, indicating that institutional investors are optimistic about gold in the long term. However, Nomura Securities warned that gold may face a technical correction due to abnormal capital flows (GLD funds in and out) and overheated technical indicators (gold prices deviated from the 200-day moving average by 25%). In addition, COMEX gold speculative net long positions hit a 14-month low, and market sentiment was cautious.
XAUUSD- 1H UpdateChart Description – XAUUSD 1H (Gold Spot vs. USD)
This is a multi-scenario Smart Money Concept (SMC)-based projection chart for Gold (XAUUSD), focusing on potential bullish retracements and major bearish continuations, incorporating Buy Zones, Sell Zones, and Change of Character (CHOCH) areas.
🔍 Key Components:
🟣 Sell Zones
Two sell zones are identified, with the highest near the All-Time High (ATH) around the $3,500 mark.
These are areas of expected bearish reaction if price retraces upward after a low.
🟢 Buy Zones
Located between $3,200 – $3,160 and another deeper one near $2,960, where potential bullish reactions may occur.
🔵 CHOCH - 4H
Marked in red around $3,260 area, indicating a 4-hour Change of Character, suggesting a potential shift from bullish to bearish sentiment.
🔸 Key Price Levels
$3,120: Historical support/resistance.
$2,956.20: Major swing low and key demand zone.
📊 Projected Market Path (Colored Waves)
🔹 Blue Path (Bullish Retracement Scenario)
Price is expected to retrace into a sell zone around $3,400–$3,460 after testing the current demand.
From there, a major sell-off is anticipated.
🔷 Cyan Path (Bearish Continuation)
Following the retracement, the market is projected to break below the recent low and head toward lower buy zones, potentially near the $3,120 and $2,960 regions.
Shows lower-high and lower-low formation, consistent with a bearish trend.
🧠 Market Sentiment
This chart suggests a bearish outlook for Gold unless a structural shift invalidates the CHOCH zone and supply levels. The chart highlights the importance of:
Waiting for confirmation in the supply zones before shorting.
Considering buy opportunities only in valid buy zones with bullish reaction confirmation.
Gold Triangle Pattern Breakdown? Bearish Setup in Play (XAU/USD)Gold (XAU/USD) has been trading within a tightening consolidation range over the past several sessions, characterized by lower highs and a horizontal support level. This behavior has resulted in the formation of a descending triangle, which is commonly interpreted as a bearish continuation pattern—especially when occurring in a downtrend.
Following a failed attempt to sustain above the $3,400 level, price action has steadily weakened, showing signs of bearish pressure. Recent structure breakdown below the triangle’s lower boundary suggests that the bulls are losing control, opening the door for a potential leg down.
🔍 Technical Structure Breakdown
📐 Triangle Pattern
Formation Type: Descending Triangle
Support Level: ~$3,245
Lower Highs Resistance: Downward sloping line, showing consistent bearish pressure.
Breakdown Confirmation : Clear move below triangle support, followed by a retest and rejection, confirming bearish momentum.
🔄 Key Support & Resistance
Resistance Zone: $3,300–$3,340
This area has acted as a supply zone, where sellers continue to overpower buying attempts. The price has failed multiple times to break above this region, creating a solid resistance cap.
Support Level (Previous Base of Triangle): $3,245
Price repeatedly bounced off this level before the final breakdown, making it a significant level for validation of the pattern.
Next Key Support/Target: $3,155
The projected move is derived by measuring the height of the triangle and subtracting it from the breakout point. This target also aligns with a previous demand zone, increasing its relevance.
➰ Black Curve Line (Dynamic Resistance)
This curved resistance line adds further technical weight to the downtrend. It’s a visual cue of how momentum is progressively shifting downward. The curve reflects a deceleration in bullish effort, a warning signal often preceding breakdowns.
⚙️ Trade Plan: Bearish Bias
Component Level
Entry Zone $3,265–$3,270 (retest of breakdown)
Stop Loss $3,317 (above triangle and curve line)
Take Profit $3,155
Risk-Reward Ratio : ~2.5:1 (based on entry near $3,270, SL $3,317, TP $3,155)
Setup Type : Breakdown + Retest (high-probability pattern continuation setup)
⚠️ Risk Management & Confirmation Factors
Confirmation Needed: A clean hourly candle close below the support zone, followed by rejection wicks on retest, strengthens the case for short entries.
Invalidation : A strong bullish break above $3,317 (stop level) invalidates this setup and could signal a reversal or false breakdown.
Volatility Note : Be mindful of macroeconomic events or FOMC-related headlines that may trigger increased volatility in precious metals.
📊 Conclusion & Trader Sentiment
The descending triangle in gold is a textbook example of consolidation under pressure. With sellers continuously pushing price into lower highs while buyers cling to horizontal support, the eventual outcome often favors the dominant trend—which in this case is bearish.
The current structure offers a clean technical setup for short traders with well-defined risk levels and a logical downside target. As always, ensure strict adherence to risk management principles and stay aware of market news that could impact gold volatility.
📌 Tag Ideas:
#XAUUSD #GoldAnalysis #TrianglePattern #BreakdownSetup #TechnicalAnalysis #PriceAction #BearishTrade #MetalsTrading #ShortSetup #ForexIdeas
GOLD WILL DROP MORE !!HELLO TRADERS
As i can see Gold break 3300 levles which was expected a Strong Support Zone for a new ATH
but its rejected and now we had saw a Trade War Talks on Going with US and China to be compromise soon on Friday we saw NFP results was good for Dollar and now after closing markets under 3260 is a clear sign for us for a more incoming drop in precious metals Gold Long Term View is still bullsih but markets always not move in one direction so it a great trade ida with a very low Risk and higher Rewards we need ur Support and comments Stay Tuned for more Updates ....
Gold lower timeframe trade setup M3 trade setup little bit late but still market respecting our levels
Powell's speech determines the trend.Tonight, Jerome Powell, the chairman of the Federal Reserve, will speak again. Whether he will confront Trump head - on is something worth looking forward to. However, it is certain that the Federal Reserve will not raise or cut interest rates today. It will keep the current interest rate. Whether there will be a rate cut in June depends on what Powell says. Therefore, there is great uncertainty about the fluctuation of the gold price tonight. No one can guess whether Powell will be hawkish or dovish now. But I think that regardless of his stance, the medium - and long - term trend of the gold price is optimistic. If he really makes remarks unfavorable to gold, which lead to a temporary slump in the gold price, it may instead be an opportunity for those who haven't bought or are on the sidelines to buy at a low price. So don't pay too much attention to Powell's speech. Moreover, this old man is likely to give a very tactful speech. I think he is very likely to neither offend Trump nor sacrifice the independence of the Federal Reserve. So his speech is likely to be very tactful. Therefore, regarding the fluctuation of the gold price, we need to see his attitude in the speech. Judging from the current performance of the gold price, it has actually shown a standard four - wave adjustment in 5 minutes. When will this four - wave adjustment end? It is likely to be a volatile adjustment during the day today, lasting until the European session or even tonight. After tonight, if the adjustment ends and the support level is clear, then the fifth wave is likely to start. Of course, if Powell's speech at 2:30 a.m. is also favorable to gold, the fifth wave will be even more promising. So we can wait and see what kind of stance Powell will take in front of the world.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
XAUUSD - Entered Massive Supply Zone! Will It Dump or Break OutGold (XAUUSD) is currently trading at $3,429, testing a major supply zone on the 15-minute chart. Price has rallied over +2.84% today and is now facing a key resistance area that previously triggered sharp sell-offs.
Key Technical Zones:
Supply Zone (Resistance): $3,420 - $3,440
Price is now reacting to this heavy-volume resistance area. Watch for rejection or breakout confirmation.
Mid-Level Support: $3,344
Strong structure level where previous consolidations and rejections occurred.
Demand Zone (Support): $3,223 - $3,227
Price bounced from here with a strong bullish impulse. This is our major demand base.
What to Watch:
Bearish Scenario: Rejection from supply zone could send price back toward $3,344, then $3,227.
Bullish Breakout: Clean break and retest above $3,440 opens the door to new highs.
Confirmation Tools:
LuxAlgo's Supply & Demand Visible Range shows clear institutional activity in these zones.
Look for candlestick confirmation, volume spikes, or divergence signals for entries.
My Plan:
Watching closely for short setups near $3,440 unless we get a confirmed breakout. If rejected, I’ll target the $3,344 and $3,227 zones.
---
What do you think? Will gold break out or get rejected hard again?
Like and share if you find this helpful — let’s grow together!
GoldCurrent Price: $3317
Mid-point: $3317.80
Upside: $3457.93, $3528.52, $3607.54 and $3686.56
Downside: $3177.94, $3107.08, $3028.06 and $2949.04
Resistance: $3387.33
Stoploss: 3248.79
#Gold
#GoldChartAnalysis
XAUUSDWe have two scenarios in the analysis: either a rise in the form of a trend, a staircase, or a deep correction and taking the buy zone. We wait for the deep correction of the market and taking the buy zone. However, if it rises in the form of a staircase, we will renew the entry, but in the event of any entry, geopolitical situations end the analysis and we analyze another analysis or another renewal.
XAUUSDthe BEARS are back in control with the bull having tested and resoected the trendline, sweeped the NY high and the M15 closed below the SUPPLY.
Key pressure point of gold price on Monday: 3275Key pressure point of gold price on Monday: 3275
1: Falling below 3275, overall bearish + shock range (3220-3260)
2: Gold price still has room to fall, technical aspect: 3220-3200-3170-3100
3: Gold price may enter a wide range of shocks, shock range: 3200-3360
Therefore, our strategy is:
1: When the gold price breaks through the 3200 mark, we go long on gold at the lowest price, and the stop loss is set near 3200
2: When the gold price falls below the 3275 mark, we go short on gold at the highest price, and the stop loss is set near 3280
3: Once the gold price stands firm at the 3275 mark and continues to break through the 3275 mark, you can consider chasing the rise, and the stop loss is set near 3260.
4: Once the gold price breaks through the 3200 mark of 3275 and continues to run below 3200, you can consider chasing the decline and set the stop loss near 3200.
Then, considering the 1.2 strategy comprehensively, it is the most reliable strategy at present.
Let's review the current fundamentals:
What has Trump been busy with in the past 24 hours?
1. Plan to cancel Harvard University's tax exemption status
2. Call for tax cuts
3. Canadian Prime Minister will go to the United States to meet with Trump next week
4. Announce the 2026 budget
5. Try to squeeze the revenue of pharmaceutical companies to pay for tax cuts
6. Put pressure on Mexico
7. Release an AI-synthesized "Pope Photo"
Conclusion: Brave people enjoy the world first
Gold Sellers Incoming!!Fed holding rates steady this week and the technicals show strong signs of a corrective phase coming on gold.
Gold 15m – Bearish Zigzag in Progress or a Larger Correction?This analysis presents a bearish short-term setup on XAUUSD (15m) based on a clean Zigzag structure:
Wave A: Impulsive decline
Wave B: Contracting triangle
Wave C: Currently unfolding, with potential targets at 3170–3090
A potential short entry is highlighted within the yellow zone, with invalidation clearly defined above 3248.
If price accelerates lower after confirmation, the trade offers a favorable R:R setup.
If momentum is weak or price breaks above resistance, this count will be invalidated.
Alternative Scenarios:
This may evolve into Wave 3 of a higher-degree Zigzag,
or Wave A of a larger Flat correction if downside persists beyond expectations.
Let me know your thoughts — would you take this short, or do you see something else unfolding?
